STOCKHOLM: Volvo and Sweden's Northvolt have joined forces to build a new battery factory in Europe as the automaker aims to sell only fully electric cars by 2030, the companies said.

Swedish automaker Volvo and the battery start-up said that through a joint venture, they will build a gigafactory with a potential capacity of 50 gigawatt hours (GWh) per year with production expected to start in 2026.

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